Colorado State University (CSU) system, comprised of three universities in the state, has announced the creation of a new $1.5m venture capital fund to drive innovation in the area.
Applications are open to students, staff and faculty of the CSU system for projects and initiatives up to $500,000, which chancellor Mike Martin hopes will aid in bridging the $160m drop in state funding for CSU since 2009.
He said: “The goal of this new venture capital fund from the CSU…
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Global University Venturing (GUV) is where tech transfer, academic and investment experts meet to explore the latest ideas and technologies driving innovation forward. We drive the discussions and share best practices that are critical to the success of spinouts, scaleouts and innovation programmes. Our aim is to help improve the processes of bringing innovations from academia to global markets and facilitate their integration into the broader business ecosystem.
